Monthly rise in diesel price seen

Business > Economics

Gradual return of tax intended to ease shock

Published: 10/02/2012 at 06:06 AM
Newspaper section: Business

The price of diesel will be raised gradually by five baht through September as the Excise Department prepares to resume excise tax collection to meet the normal rate within this fiscal year, said director-general Benja Louichareon.

The move is aiming at ensuring that excise tax revenue will meet a target of 368 billion baht, revised down from 405 billion baht.

Mrs Benja said crude prices would decline in the coming summer, a low season for crude, hence it should be the right time to resume the tax rate.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

About the author

Writer: Wichit Chantanusornsiri & Yuthana Praiwan

Keep this article in your social bookmark:

Latest stories in this category:

Your comments

samut
Post : 285
Send message

Discussion 5 : 10/02/2012 at 02:33 PM5
Post this to my Facebook
No surprise! Promises are promises but life is different!
Like dislike 0 people liked / 0 people disliked this comment
dao
Post : 2,105
Send message

Discussion 4 : 10/02/2012 at 12:32 PM4
Post this to my Facebook
A proper working train system could transport containers to the port so the highways wouldnt be bumper to bumper with smoke belching trucks traveling 20 km/hr.It would also be one less things for passenger vans to crash into the back of .
Like dislike 0 people liked / 0 people disliked this comment
johninbkk
Post : 2,476
Send message

Discussion 3 : 10/02/2012 at 11:21 AM3
Post this to my Facebook
Renaissance D1 - "A 5 Baht increase in diesel will not make the people wealthy."
On the contrary, it will. That 5 baht was coming from the taxpayers pocket to subsidize fuel users. People who didn't own a car were paying the gas costs of people who do. And by underpricing fuel it was causing PTT to go bankrupt, resulting in large government debt.
Like dislike 0 people liked / 0 people disliked this comment
khunbj
Post : 403
Send message

Discussion 2 : 10/02/2012 at 08:11 AM2
Post this to my Facebook
Good to see that finally it looks like diesel and gas users will pay their share....since the levies were removed everyone else have had to pay to make up for the loss of revenue from diesel (and gas) .....tired of paying for other people.
Like dislike 0 people liked / 0 people disliked this comment
Renaissance
Post : 887
Send message

Discussion 1 : 10/02/2012 at 06:11 AM1
Post this to my Facebook
The people have got the government they wanted. When will people stop believing the election promises of politicians, especially Mr. T's promises? When did he ever keep a promise? I suppose they still believe that Mr. T will make them all wealthy within (4?) years. A 5 Baht increase in diesel will not make the people wealthy.
Like dislike 0 people liked / 0 people disliked this comment

Monthly rise in diesel price seen | Bangkok Post: business